Austin: Top Site for Investors

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Austin: Top Site for Investors Previous: Low-Priced Rents Drive Growth Next: Dorian Could Bring Losses of More Than $1B The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Austin Investment 2019-09-17 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Austin Investment The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Sign up for DS News Daily Austin, Texas is one of the hottest real estate markets out there in the U.S., and according to Ari Rastegar is CEO of Rastegar Property on Forbes, expansion in Austin is continually fueled by a rising population, tax benefits, industry influx, affordable housing, available jobs and highly rated schools.With 50,000 new residents in Austin between 2017 to 2018, and several major companies setting up shop in the city, Austin has seen a boom in residential investment and construction.“It’s a growth market for the single-family and small multifamily investor.,” Rastegar said. “You can own a pocket of homes or a vintage multifamily to garner prime rents and positive cash flows. There’s tremendous opportunity to make healthy margins and still provide an accessible price point for the tenant.”Investors looking for favorable cap rates, stable returns and low vacancy rates see Austin as a social and economic environment with excellent demand factors. Potential deals exist across the range of values and property classes, and you can find value-add opportunities with numbers that cash flow.Surrounding areas, such as Round Rock, Buda and Kyle, are experiencing the trend and also presenting excellent investment opportunities, according to Rastegar. Median home prices in these areas are around $315,000, “creating unique appeal for young professionals and families transitioning to Austin.”Austin itself is still affordable compared to other major metropolitan markets in the U.S, and according to Rastegar, there is still room to grow, as homebuyers can buy a starter house and still expect to have excellent equity growth in their property.“Austin has it all: a booming economy, a scholarly environment, a creative culture, an educated workforce, tax advantages and more,” said Rastegar. “For the same reasons that residents and corporations choose Austin, insightful real estate investors and developers should position themselves to meet the growing demand for residential and commercial space.” September 17, 2019 974 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Austin: Top Site for Investors Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, Market Studies, News  Print This Post Related Articles Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more